Budget Cuts

The United Nations Development Programme (UNDP), one of the largest U.N. agencies with an estimated average annual budget of more than five billion dollars, is undergoing major structural changes - triggering large-scale staff layoffs, demotions, salary reductions and downgrading and abolition of existing senior-level jobs.

"That's where I sleep," says Fernando, indicating a puddled area under a bridge. A 62-year-old Portuguese citizen, he has lived in Spain for 15 years, and he is part of the growing number of homeless people in this country wracked by a merciless economic and financial crisis.